BUZZ-Gold miners down as bullion prices edge lower on hawkish Fed bets

Reuters03-18 20:31
BUZZ-Gold miners down as bullion prices edge lower on hawkish Fed bets

** U.S.-listed shares of gold miners down premarket, tracking decline in bullion prices GOL/

** Spot gold XAU= down 2.1% at $4,901.67/ounce, its lowest level since February 18

** Gold prices fall as investors weigh the risk of a more hawkish U.S. Federal Reserve policy stance, with high oil prices fueling concerns about inflation

** Top miners Newmont NEM.N and Barrick Mining ABX.TO, B.N fall 2.7% and 2.6%, respectively

** South African miners Gold Fields GFI.N, AngloGold Ashanti AU.N, Harmony Gold HMY.N and Sibanye Stillwater SBSW.N lose between 5.4% and 6.6%

** Canadian miners: Agnico Eagle Mines AEM.TO, AEM.N dips 2%; Kinross Gold K.TO, KGC.N falls 2.9%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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